Using a CD loan to raise my credit score?

I've been working on raising my credit score. I've gotten rid of all the past due accounts. I only 1 line of credit open, it's a secure credit card. I was thinking of taking out a loan from chase where my CD savings account. Granted they report the the repayments to the credit bureaus. Do you think that it will raise my credit score

Public Comments

1. Yes it will raise your score. Try to get 1 unsecured credit card as well.
2. Lets see if l understand this correctly, you just got yourself out of debt, & you want to get more debt, just to raise your score! Humm.... for what reason? Is the cost worth it? My advice: Find out your current score, it may be better than you think. Your score will come up on its own as long as you continue to keep current with your finances, l see no advantages in the long term of taking on such a debt & the cost of the loan will offset any short term gain (if any) to your score. Rethink this idea.